Christchurch Meat Company.
Per Press Association.
CHRISTCHURCH, February 3.
The annud meeting of the Christchurch Meat Company was held to-day. The report stated that during the year the company had put through the works at Christchurch and Timaru 1,036,016 head of stock, although the works were closed for several months owing to scarcity of stock. The London agency was working well and proving of benefit to the company. During the year the whole of the authorised capital of the company had been subscribed and now stands at £IOO,OOO. After making due provision for the future and writing off £6733 17s 6d for replacements and renewals, the profit and loss account showed a profit of £11,794 9a lOd, which with the balance from the previous year of £5512 12s 8d made a total net profit of £17,307 2s 6d, less interim dividend paid on April 30th of 4£ per cent., £2394 6s, leaving an available balance of £14,372 I6s 6d. A further dividend of 4£ per cent, was declared (making 9 per cent, for the yeari, absorbing £3185 13s sd, leaving £11,1873s Id to carry forward. It was agreed to further increase the capital of the company to £150,000 by issue of 5000 £lO shares at a premium of not less than 10s per share. Mr A. H. Turnbull was re-elected a director.
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Bibliographic details
South Canterbury Times, Issue 2399, 4 February 1899, Page 2
Word Count
222Christchurch Meat Company. South Canterbury Times, Issue 2399, 4 February 1899, Page 2
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